The U.S. economy grew at a 3.4% annualized rate in the third quarter, the Commerce Department’s Bureau of Economic Analysis said in its advance estimate released Thursday. Resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices linked to the conflict in the Middle East. Economists polled by Reuters had forecast 3.2% growth.
WHO:The Commerce Department’s Bureau of Economic Analysis
WHAT:The Bureau of Economic Analysis reported an advance estimate showing U.S. GDP grew at a 3.4% annualized rate in the third quarter.
WHEN:Oct 29, 2026
WHERE:USA
WHY:Resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices linked to the conflict in the Middle East.
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